When presenting a consolidated statement of comprehensive income, the non-controlling interest is shown as:
A) a separate component of each individual line item.
B) a separate portion of profit or loss attributable to the non-controlling interest.
C) part of the total revenue of the group.
D) part of the total expenses of the group.

Question

Quizplus · Accepted Answer

Non-controlling interest is shown as a separate portion of profit or loss attributable to them. This is because non-controlling interest is the portion of the subsidiary or associate that is not owned by the parent company and therefore does not belong to the parent company's shareholders. It is important to show this separately to show the percentage of the subsidiary or associate that is owned by the non-controlling interest.

When Presenting a Consolidated Statement of Comprehensive Income, the Non-Controlling